India's IT stocks extend record run, eye U.S. rate cut
** Indian IT stocks .NIFTYIT extend record run, last up 1%
** Stocks up in a week where multiple U.S. data reports could decide quantum of a potential Fed rate cut
** IT services firms earn a majority of their rev from U.S.-based clients; any rate cut helps boost IT spending
** Seven of the 10 stocks on .NIFTYIT are up, led by HCLTech's HCLT.NS 2.9% rise and heavyweight Infosys' INFY.NS 1.3% gain
** INFY and market leader Tata Consultancy Services TCS.NS only "buy"-rated stocks; six rated "hold" and two "sell" - LSEG
** Index up for a sixth-straight session
** YTD, IT stocks are up ~22%, outperforming blue-chip Nifty 50 .NSEI index's 16.4% rise
Reporting by Nandan Mandayam in Bengaluru
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